30 Jul '15, 10pm

Expenses - are they worth the time? via @blogtrepreneur

Expenses - are they worth the time? via @blogtrepreneur

So what is the best way to address expenses? The process will be slightly different depending on the size of the business. A sole trader should, in theory, have fairly straightforward ‘money-in, money-out’ system, but may have to deal with apportioning expenses such as internet and heating if, for example, working from home. On the other hand, a business with employees, rent, and reams of expenditure items each month will need a more sophisticated system. Sole traders will be setting off their expenses against income tax under the self-assessment regime. A limited company, however, will be offsetting against corporation tax.

Full article: http://www.blogtrepreneur.com/2015/07/21/expenses-worth-t...

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